{"id":150121,"date":"2024-10-18T02:23:31","date_gmt":"2024-10-18T01:23:31","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/october-2024-light-vehicle-production-forecast.html"},"modified":"2024-10-18T02:23:31","modified_gmt":"2024-10-18T01:23:31","slug":"october-2024-light-vehicle-production-forecast","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/10\/18\/october-2024-light-vehicle-production-forecast\/","title":{"rendered":"October 2024 Light Vehicle Production Forecast"},"content":{"rendered":"

This content is also available
\non our LinkedIn newsletter<\/a>.<\/em><\/p>\n

Each month, we leverage global light vehicle production actuals,
\nregistration data, and sales data to give you the most up-to-date,
\nshort-term production forecast available.<\/p>\n

Here's a close look at global production data by region and our
\nupdated October production forecast.<\/p>\n

\"October<\/p>\n

As we enter the fourth quarter of 2024, slower growth in
\nsignificant regions and uncertainties surrounding battery electric
\nvehicle (BEV) adoption continue to challenge the production
\noutlook. This month's forecast notably revises Europe downward due
\nto reduced demand and mandated fleet emissions requirements, while
\nGreater China sees a modest improvement thanks to government
\nstimulus.<\/p>\n

Europe:<\/strong> The European light vehicle production
\noutlook was reduced by 107,000 units for 2024 and 292,000 units for
\n2025, driven by weakening demand in Central and Western Europe. An
\nEU reduction mandate of 15% for fleet emissions in 2025 will
\npressure OEMs to manage supply to the market effectively. In
\ncontrast, Eastern Europe sees an increase of 35,000 units for 2025,
\nsupported by Russian demand.<\/p>\n

Greater China:<\/strong> In Greater China, our light
\nvehicle production outlook was increased by 73,000 units for 2024
\nbut decreased by 42,000 units for 2025. NEVs are the primary growth
\ndriver, continuing their strong momentum with 1.1 million retail
\nunits sold in September. A fundamental consumption recovery is not
\nexpected this year, even as the scrapping policy provides modest
\nsupport.<\/p>\n

Japan\/Korea:<\/strong> The Japan light vehicle production
\noutlook was upgraded by 22,000 units for 2025 and 128,000 units for
\n2026, with a key driver being a change in sourcing for the Nissan
\nLeaf North America, from the UK to Japan. South Korea's production
\noutlook was reduced by 9,000 units for 2024 and 16,000 units for
\n2025, reflecting slower sales in Europe.<\/p>\n

North America:<\/strong> The North American light vehicle
\nproduction outlook was decreased by 12,000 units for 2024 and
\n113,000 units for 2025, with the revisions for next year driven by
\na variety of vehicle program delays. Inventory management efforts,
\nparticularly for the Detroit 3, continue to influence the near-term
\nproduction outlook for the region.<\/p>\n

South America:<\/strong> South America's light vehicle
\nproduction outlook was increased by 36,000 units for 2024 and
\n35,000 units for 2025, driven by stronger sales in Brazil and
\ngenerally improved demand expectations for Argentina.<\/p>\n

South Asia:<\/strong> The South Asia light vehicle
\nproduction outlook was increased by 25,000 units for 2024 but
\nreduced by 73,000 units for 2025. The ASEAN market shows stronger
\nrecent production activity, while India's production outlook has
\nbeen meaningfully revised down for 2025 and beyond, due to economic
\nchallenges and high inventory levels.<\/p>\n


\nDownload a free light vehicle production forecast sample
\nhere.<\/a><\/p>\n\n

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This content is also available
\non our LinkedIn newsletter.Each month, we leverage global light vehicle production actuals,
\nregistration data, and sales data to give you the most up-to-date,
\nshort-term production forecast available.Here's a close l…<\/p>\n","protected":false},"author":2466,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-150121","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/150121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/2466"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=150121"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/150121\/revisions"}],"predecessor-version":[{"id":150122,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/150121\/revisions\/150122"}],"wp:attachment":[{"href":"ht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